Written by ForexBrokers.com
In this head to head comparison of eToro vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
In a comparison of online brokers, eToro and Spreadex present distinct features and regulatory standings. Founded in 2007, eToro is publicly traded and boasts a high trust score of 96 according to ForexBrokers.com. This score is supported by its possession of three Tier-1 licenses, which are considered highly trusted, alongside one Tier-2 license, signifying a trusted status. Conversely, Spreadex established in 1999, remains privately held and holds a trust score of 71, indicating an average risk level. Spreadex has one Tier-1 license and no Tier-2 licenses, marking a clear distinction in their regulatory framework compared to eToro.
Neither eToro nor Spreadex operates as a bank, which is important for investors seeking specific financial services. While both brokers offer a platform for trading, eToro's public trading status and higher trust score suggest a broader regulatory backing and transparency. In contrast, Spreadex maintains a conservative licensing structure with fewer trusted licenses, reflecting its more private organizational setup. For investors assessing where to engage in trading, these factors may weigh significantly in determining which broker aligns best with their risk and trust preferences.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Year Founded | 2007 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of online brokers eToro and Spreadex, there are notable differences that traders should consider. eToro, a market-maker broker, offers a typical variable spread of 1 pip on the EUR/USD, which is slightly higher than the industry average. Despite this, eToro is often chosen by retail traders for its robust social copy trading platform. The broker provides additional benefits to its clients through the eToro Club, a VIP program with five tiers ranging from Silver to Diamond. These tiers, which require balances from $5,000 to $250,000, offer perks such as access to Trading Central, discounted transaction fees, and dedicated account management.
Spreadex, on the other hand, lists average spreads of 0.81 pips for the EUR/USD, with a minimum spread of 0.6 pips that was achieved 60% of the time in January 2024. This makes Spreadex's spreads generally more competitive compared to eToro. Although both brokers have strong offerings, eToro is rated at 4.5 stars for its commissions and fees, slightly higher than Spreadex's 4-star rating.
In terms of rankings, eToro is positioned as the 22nd out of 63 brokers reviewed by ForexBrokers.com for their commissions and fees category, whereas Spreadex is ranked 27th. This comparison highlights eToro's edge with its VIP benefits and broad appeal through its social trading features, while Spreadex stands out for its lower, more competitive spreads. Whether prioritizing social trading opportunities or cost efficiency, traders have distinct advantages to consider with each broker.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average Spread EUR/USD - Standard | 1 | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro and Spreadex provide excellent options for traders seeking a wide range of investment opportunities, each offering forex trading as CFDs. eToro delivers access to 5,461 tradeable symbols, which include an impressive 55 forex pairs. Beyond this, eToro offers a unique advantage by allowing users to invest in exchange-traded securities on both U.S. and international exchanges, enabling clients to directly buy shares like Apple (NASDAQ: AAPL) and Vodafone (London Stock Exchange). Furthermore, eToro supports both delivered and derivative trading in cryptocurrencies, plus the innovative feature of copy trading, where users can mimic the strategies of successful traders.
Spreadex, with 10,000 tradeable symbols, provides more options overall, although it offers a slightly smaller selection of forex pairs at 52. While lacking the ability to purchase exchange-traded U.S. or international securities directly, Spreadex users can engage in trading derivatives of cryptocurrencies. Despite these differences, both eToro and Spreadex earn a stellar 5-star rating for their range of investments, demonstrating their commitment to offering diverse trading opportunities. According to ForexBrokers.com, eToro ranks 10th, while Spreadex ranks 13th out of 63 brokers in the Range of Investments category, highlighting their close competition in the market.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 10000 |
| Forex Pairs (Total) | 55 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing eToro and Spreadex, both platforms offer virtual demo accounts, providing the perfect place for traders to learn and practice. Both brokers feature proprietary, web-based trading platforms accessible through your browser. However, eToro offers the added advantage of copy trading, a feature missing from Spreadex. Neither platform supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), DupliTrade, or ZuluTrade, tailoring their focus to exclusive, in-house-developed technologies.
In terms of charting capabilities and tools, eToro slightly edges ahead by offering 161 drawing tools compared to Spreadex's 11. Meanwhile, Spreadex allows traders to execute trades directly from a stock chart, a feature that eToro doesn't provide. When it comes to watch lists, Spreadex outperforms with eight customizable fields compared to eToro's six. Overall, eToro earns a higher rating for its trading platforms and tools, receiving 4.5 stars and ranking #8 out of 63 brokers, whereas Spreadex garners 4 stars, ranking #46. This suggests that eToro may offer a more versatile and tailored experience for traders looking for advanced features and easy navigation.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 58 |
| Charting - Drawing Tools (Total) | 161 | 11 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of eToro and Spreadex, both platforms offer apps compatible with iPhone and Android devices, providing users with price alerts for stocks and forex. However, eToro takes the lead with its ability to sync watchlist symbols seamlessly between the mobile app and a user's online account, a feature Spreadex lacks. Additionally, eToro shines with 104 technical studies available for charting, while Spreadex does not specify the number of technical studies offered. Despite both platforms allowing users to view multiple time frames on charts, Spreadex stands out by enabling the drawing of trendlines, which eToro does not support. Neither app saves chart drawings automatically.
In terms of real-time watchlist creation, both eToro and Spreadex deliver, ensuring that users can keep track of dynamic market movements. eToro receives high praise with a 4.5-star rating for its mobile trading app, reflecting its comprehensive features and strong usability, as it ranks #10 out of 63 brokers according to ForexBrokers.com. In comparison, Spreadex has a respectable 4-star rating but is ranked significantly lower at #46. This suggests that while both have their strengths, eToro’s app offers a more enriched user experience for mobile trading enthusiasts.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | N/A |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing eToro and Spreadex for market research features, both brokers provide daily market commentary and offer sentiment-based trading tools that provide insights into long and short positions across various instruments. However, Spreadex has an edge with its access to top-tier forex news sources like Bloomberg and Reuters, which eToro does not offer. On the other hand, eToro provides market research through TipRanks and utilizes Trading Central's technical analytics tools, giving it an advantage in these areas over Spreadex, which lacks TipRanks insights and Trading Central tools.
Both platforms include economic calendars to keep users informed of global events, but when evaluating overall research capabilities, eToro is rated slightly higher at 4.5 stars compared to Spreadex's 4 stars. This higher rating is reflected in their rankings by ForexBrokers.com, where eToro holds the 13th spot within a field of 63 brokers, while Spreadex is placed at 31. These differences indicate that while Spreadex excels in fundamental news sourcing, eToro offers a broader array of research tools and insights that cater to diverse trading needs.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both eToro and Spreadex offer a variety of educational resources aimed at helping beginners navigate the world of forex and CFDs trading. Both platforms provide a solid foundation with a minimum of 10 educational pieces such as articles, videos, and archived webinars. They also cater to beginners by offering at least 10 introductory educational videos on trading topics. However, eToro goes further by scheduling monthly online educational client webinars and maintaining a searchable archive of these recorded sessions, which Spreadex does not offer.
When it comes to advanced educational content, eToro takes the lead with over 10 videos aimed at experienced traders, while Spreadex does not provide the same depth of advanced content. Both platforms offer an investor dictionary featuring over 50 investing terms, which is invaluable for newcomers learning the jargon. In terms of overall educational quality, eToro is rated 4.5 out of 5 stars, ranking 5th out of 63 brokers according to ForexBrokers.com. Meanwhile, Spreadex earns a 4-star rating, placing it 45th in the same category. This comparison highlights eToro's strong educational offerings, particularly for those looking to engage in ongoing learning and gain access to advanced materials.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than Spreadex. eToro finished with an overall rank of #9, while Spreadex finished with an overall rank of #39.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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Spreadex
|
|---|---|---|
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| Trust Score | 96 | 71 |
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eToro allows users to buy actual delivered cryptocurrency and offers cryptocurrency derivatives, while Spreadex only provides the option to trade in cryptocurrency derivatives, not actual cryptocurrencies.
When comparing online brokers, eToro stands out by offering multiple flexible payment options including ACH, SEPA transfers, PayPal, Skrill, and major credit cards (Visa or Mastercard), alongside bank wire transfers, whereas Spreadex supports only credit card payments and bank wire transfers, lacking the diverse range offered by eToro.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | eToro | Spreadex | |
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| Trust Score | 96 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review | Spreadex Review |
| Broker Screenshots | eToro | Spreadex | |
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| Regulation | eToro | Spreadex | |
|---|---|---|---|
| Trust Score | 96 | 71 | |
| Year Founded | 2007 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 10000 | |
| Forex Pairs (Total) | 55 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 8 | |
| Charting - Indicators / Studies (Total) | 104 | 58 | |
| Charting - Drawing Tools (Total) | 161 | 11 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | N/A | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | Spreadex | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | eToro Review | Spreadex Review |
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| Trust Score | 96 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review | Spreadex Review |
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